Fixed deposit : Whenever people have some money deposited with them and then when it comes to investment, then Fixed Deposit (FD) remains the first choice of people even today. Investing in FD is also one of the reasons. That people already know. That how much return he is going to get. FDs which are The ups and downs of the market in that. It doesn’t matter to him. But the banks which are the interest rates of FD. It keeps changing from time to time. In such a situation, at the time you have fixed your money. You are going to get interest accordingly. But if you want, which are floating rate FDs. You can also select its option, so then let’s know. All the details about Fixed Deposit and Floating Rate FD.
Fixed Rate FD
If a person invests in fixed rate fixed deposits, then he gets guaranteed returns. the amount of interest in it. They remain same till maturity. In this FD, if you want, you can invest for 1 year or if you want, you can also invest for 5 years. In this, the day you have fixed the amount. You will get interest on the same day. If the rate of interest falls in between. Even then you are going to get the money accordingly and if the rate of interest becomes higher in the middle, then still you are going to get the interest accordingly.
FD floating rate
If a person invests in this FD ie floating, then when you have invested this money. Due to this, the interest rates which are there till the time of maturity keep changing. Since the Reserve Bank of India (RBI) is the rate of interest at a given time. He keeps on changing it. In such a situation, if the bank increases the interest rates on FDs, then your FDs. In that too, increased interest rates are charged and if the bank reduces the interest rates in FD, then your FD is the same. Interest rates are charged according to the reduced interest rates in it.
Which of the two do you have the advantage?
Both FDs have their own advantages. In recent times, RBI is increasing the repo rate again and again. Due to which the interest rates of FD are also increasing. In such a situation, if you invest in floating rate FD, then it can prove to be a profitable deal for you. But in the future, there is a situation of FD interest rates coming down again. Must be ready for that. Because no one can say when which interest rates will be applicable.
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FD What is the difference between Fixed and Floating Rate which one has more benefits know
Fixed deposits (FDs) remain the first choice of people even today when people have some money to deposit and then when it comes to investments. This is also one of the reasons for investing in FDs.
Story first published: Saturday, November 12, 2022, 16:19 [IST]